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Prior to 2005, charitable organizations also received profits from this, since the transferred amounts were not taxed. The companies gave away 5% of their annual income. All funds received for charity were accounted for as expenses of the company, and therefore the amount of income to the mobile number list for tax was reduced. Thus, many organizations tried to avoid taxes.
There are certain nuances regarding tax incentives for charity for legal entities. At the moment, legal entities allocate funds for charity exclusively from net profit, and there will be no deductions to the budget from this money.
VAT
When financial support is provided, VAT is not affected. If the company transferred funds or transferred goods to those in need, then each case is considered on an individual basis.
Input VAT
All costs that are spent on the purchase of necessary goods and any items sent to charity are not exempt from VAT ( which has now been increased from 18 to 20% ).
Tax incentives for sponsors
Tax incentives for sponsors are not always a must. Typically, companies enjoy a VAT deduction after a donation. But if the assistance is very large, then companies can refuse benefits - this will turn out to be more profitable. Amounts for the purchase of goods will be shown as expenses incurred by the firm.
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发表于 2023-4-13 15:25:26
